Five tips for boosting your savings for retirement

One idea: Bank your raises

4:45 PM,
Mar. 22, 2014

Written by

Nanci Hellmich
| USA Today

If you are woefully behind on saving for retirement, then try to delay gratification on purchases, save your raises and pay off credit cards, financial experts say.

A national survey out Tuesday shows that about 36 percent of workers have less than $1,000 in savings and investments that could be used for retirement, not counting their primary residence or defined benefits plans such as traditional pensions, and 60 percent of workers have less than $25,000.

Like workers, many retirees are also short on funds, with 29 percent of them having less than $1,000 in savings and investments, and 58 ...